Principles of Economics (Mankiw book)

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Principles of Economics
AuthorN. Gregory Mankiw
Published1997 (Harcourt)
ISBN0-030-27087-1

Principles of Economics[1] is an introductory economics textbook by Harvard economics professor N. Gregory Mankiw. It was first published in 1997 and has nine editions as of 2020.[2] The book was discussed before it publication for the large advance Mankiw received for it from its publisher Harcourt[3] and has sold over a million copies over its lifetime, generating Mankiw at least $42 million.[4] After criticism about the price from students Mankiw decided to donate the textbook royalties from his students to charity.[5]

Principles of Economics is the standard textbook for American economics departments' introductory classes.[6][7][8] The current publisher Cengage claims it is the "most popular economics textbook".[9]

10 Principles[]

The book introduces 10 principles of economics "that supposedly represent the heart of economic wisdom".[10][11]

Peter Bofinger has criticized the book for creating the "impression that the economic principles explained correspond to a kind of economic consensus", which it denies.[12]

References[]

  1. ^ Mankiw, N. Gregory (January 2020). Principles of economics (Ninth ed.). Boston, MA. ISBN 978-0-357-03831-4. OCLC 1109789332.
  2. ^ Mankiw, N. Gregory. (1998). Principles of economics. Fort Worth, TX: Dryden Press. ISBN 0-03-098238-3. OCLC 37611615.
  3. ^ Nasar, Sylvia (1995-03-14). "A Hard Act to Follow? Here Goes. (Published 1995)". The New York Times. ISSN 0362-4331. Retrieved 2021-01-06.
  4. ^ Oregonian/OregonLive, Richard Read | The (2015-02-12). "A $280 college textbook busts budgets, but Harvard author Gregory Mankiw defends royalties". oregonlive. Retrieved 2020-03-18.
  5. ^ "After Criticism, Mankiw to Donate Textbook Royalties to Charity". The Harvard Crimson. Retrieved 2021-01-06.
  6. ^ Matthews, Dylan (2019-05-14). "The radical plan to change how Harvard teaches economics". Vox. Retrieved 2020-03-18.
  7. ^ Samuelson, Robert J. "Opinion | It's time we tear up our economics textbooks and start over". Washington Post. ISSN 0190-8286. Retrieved 2021-01-06.
  8. ^ "Play it again, Samuelson". The Economist. 1997-08-21. ISSN 0013-0613. Retrieved 2021-01-06.
  9. ^ "Principles of Economics, 9th Edition". Cengage. Retrieved 2021-01-06.
  10. ^ "Greg Mankiw's Ten Principles | New World Economics". newworldeconomics.com. Retrieved 2021-01-06.
  11. ^ "Mankiw's 10 Principles of Economics". Tom Spencer. 2011-11-23. Retrieved 2021-01-06.
  12. ^ Bofinger, Peter (2020-01-03). "Best of Mankiw: Errors and Tangles in the World's Best-Selling Economics Textbooks". Institute for New Economic Thinking. Retrieved 2021-01-06.

External links[]

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